CMP 08 Filing Due Date For January to March 2022 | CA Portal

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CMP-08 Return Filing Due Date For July To September 2021

Cmp 08 due date

The Finance Ministry has permitted the composition scheme taxpayers to file a self-assessed tax return in the one-page statement – Form GST CMP 08 of the Central Goods and Service Tax Rules, 2017. This quarterly return has to be filed after every quarter by the 18th day of the month.

Among the total of 1.21 crore GST registered businesses, 20 lakh businesses that are registered under the composition scheme are required to file the CMP 08, therefore, here We provide complete guidance on the filing procedure of CMP 08 along with the relevant filing form CMP 08 due date for the upcoming months.

Procedure of Filing CMP 08 Form

All the assessees registered under the GST (Goods and Services Act), 2017 who are covered under section 10 of CGST Act 2017 or have opted for the benefits under Notification No. 2/2019-Central Tax (Rate) dated 07th March 2019. Such assessees are considered as ‘special category of persons’ by the Central Board of Indicert Taxes and Customs (CBIC).

The CBIC has laid out a complete procedure of filing the returns, under Notification no. 21/2019 – Central Tax dated 23rd April 2019. Such assessees are covered under the composition scheme of the government. 

All the persons covered under the composition scheme are required to form CMP 08 quarterly. The last date to file the returns of the quarter is the 18th of next month after the end of the quarter. The last date to file the returns CMP 08 of the April-June 2021 quarter is 18th July 2021.

A notification issued by CBIC read, “Provided that the said persons shall furnish a statement, containing the details of payment of self-assessed tax in FORM GST CMP-08 of the Central Goods and Services Tax Rules, 2017, for the quarter ending 31st March 2020, till the 7th day of July 2020.”

What is Form GST CMP-08?

Form GST CMP-08 is used to reveal the features or review of self-assessed tax which is due for a presented quarter by taxpayers who are registered as composition taxable bodies or taxpayers who have opted for composition levy. Taxpayers who each have registered as composition taxable persons within Form GST REG-01.

Who Requires the file Form GST CMP-08?

The person who has registered as a composition scheme via Form GST CMP-02 or who has opted for a composition taxable person via Form GST REG-01 requires for form GST CMP-08.

Read Also : GSTR 4 Annual File Due Date 2020 (Composition Taxpayers)

When do Form GST CMP-08 needs to be filed?

The Form GST CMP-08 has to be filed every quarter. The due date of filing the Form GST CMP-08 is the 18th month of the succeeding quarter. It can be postponed by the government received from the notification. 

gen gst software

CMP 08 – A Move Widely Appreciated

CMP-08 is a statement cum challan which seeks information about outward supplies and inward supplies ( inward supplies under reverse charge) including the taxes paid on such outward supplies and imports along with interest payable. CMP-08 is a welcome move which was initiated in April 2019 so that it can be used from the financial year 2019-2020.

Latest Update & Notification

  • “Blocking of GST E-Way Bill generation facility, after 1st Dec 2020”. Read more
  • “NIL Return Filing Via SMS for GSTR 1, GSTR 3B, CMP 08, etc”. Read Official Gazette
  • “Amendment to the CGST Rules: Variousamendments in the CGST Rules and FORMS have been recommended which includes provision for furnishing of Nil FORM CMP-08 through SMS”. Read more Official

CMP 08 Due Date For FY 2021-22

Period (Quarterly)Due Dates
1st Quarter – April to June 202118th July 2021
2nd Quarter – July to September 202118th October 2021
3rd Quarter – October to December 202118th January 2022
4th Quarter – January to March 202218th April 2022

Note: “Relaxations in filing Form CMP-08 for Composition Taxpayers: For Quarter of Jan-March, 2021, instead of 18th April 2021, Composition Taxpayers can now file their quarterly return in Form CMP-08, without interest up to 3rd May 2021, with 9% reduced interest between 4th May to 18th May 2021, and with 18% interest from 19th May 2021 onwards.

Penalty for Delay in Filing Returns under CMP 08

If any assessee fails to file form CMP 08 will be charged a penalty of Rs. 50 (INR 25/day CSGT and INR 25/day IGST) per day as long as he continues the delay. The assessees filing NIL returns under form CMP 08 will be charged a penalty of Rs. 20 (INR 10/day CSGT and INR 10/day IGST) per day as long as he continues the delay. The late fee can be up to Rs. 5,000 at maximum and no further for all kinds of assessees.

10 Replies to “CMP-08 Return Filing Due Date For July To September 2021”

  1. abhilash
    April 17, 2021

    GSTR composition 08 quarterly return from January to march for 2020-21 last date? any extension of date?

  2. Rajiv Singh
    January 31, 2021

    GSTR-4 Annual return for 2019-20 last date?. If not filed on time which fine amount levied on tax payer

  3. N.Murthy
    January 30, 2021

    Sir
    I am filing nil returns for 2020-2021 but iI didn’t filed CMP-08 , We need to pay penalty ? and How do we Filed through online pls suggest.

  4. shashank
    January 10, 2021

    Sir,
    I failed to file nil return for F.Y 2019-2020 for A.Y 2020-2021., Both quarterly and annually.
    Do I need to pay 5000rs as penalty if I file now and what is the due date

    • CA Portal
      January 12, 2021

      In case of quarterly return you have to pay late fees but in case of annual return it is not mandatory to file the same if Turnover is below Rs2 crores

  5. Where can I know the fine for late filing of CMP-08? A government website or gst portal?

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